Andrew Moffs' Top Picks: November 29, 2022

Top picks from Andrew Moffs, senior vice president and portfolio manager, Vision Capital

FOCUS: Real estate stocks 

MARKET OUTLOOK:

The speed and scale of contractionary monetary policy employed by central banks has resulted in a -61.1 per cent year-over-year decline in public real estate mergers and acquisition transaction values from the torrid pace of deal-making in the third-quarter 2021. Generally, buyers and sellers adjust to expanding discount rates in search of pricing equilibrium.